Italy to draft anti-fraud law for CO2 market

(Reuters) – Italy’s government is looking to create a law to combat value-added tax (VAT) fraud in carbon trading and resume suspended operations on the local market, Industry Ministry Under-Secretary Stefano Saglia said on Friday.

“It (the new law) could be part of a year-end decree (…), I’d say it could be operative from mid-January,” Saglia told Reuters on the sidelines of a conference.

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Posted on December 15, 2010 · in Europe

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